/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX Symbol: CIX

TORONTO, Sept. 21, 2017 /CNW/ - CI Financial Corp. ("CI") announced today that it has entered into an agreement to sell debt securities with an aggregate principal amount of $250 million. The debt securities have a term of 10 years and carry an interest rate of 3.904% payable semi-annually.

The debentures have a provisional rating of A- by Standard & Poor's and A (low) by DBRS.

The offering is being made under CI's previously filed shelf prospectus dated December 21, 2015, and is being led by CIBC Capital Markets. CI intends to use the net proceeds of the offering to fund the $230 million cash component of the purchase price payable by CI in connection with the previously announced acquisition of Sentry Investments Corp. and its subsidiary, Sentry Investments Inc. (the "Sentry Acquisition"), and for general corporate purposes. The Sentry Acquisition is expected to close on or about October 2, 2017, subject to customary closing conditions including applicable regulatory approvals.

The closing of the offering is scheduled for September 27, 2017 and is subject to certain customary conditions.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company with approximately $160.7 billion in fee-earning assets as of August 31, 2017. CI's primary operating businesses are CI Investments Inc., one of Canada's largest investment managers, advisory businesses Assante Wealth Management and Stonegate Private Counsel, Grant Samuel Funds Management of Australia, and First Asset Investment Management, a leader in providing actively managed exchange-traded funds to the Canadian marketplace. Further information is available at www.cifinancial.com.

This press release contains forward-looking statements with respect to CI, the Sentry Acquisition and the offering of its debt securities, including in relation to the anticipated closing dates and use of the net proceeds of the offering. Although management believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, including interest rates, business competition, changes in government regulations or in tax laws, inability to satisfy closing conditions and other factors discussed in materials filed with applicable securities regulatory authorities from time to time.